India, Feb. 4 -- Oil prices fell sharply on Tuesday as supply disruption fears eased and trade war worries mounted, clouding the outlook for fuel demand.
Benchmark Brent crude futures fell 1.4 percent to $74.93 a barrel in European trade, while WTI crude futures were down nearly 2 percent at $71.72.
Fears of supply disruption eased after U.S. President Donald Trump decided to delay the start of tariffs against the U.S.'s two biggest foreign suppliers of crude by a month. He gave China no such relief.
After a 10 percent tariff on Chinese products took effect, China's Finance Ministry said it will impose a 15 percent duty on imports of coal and liquified natural gas from the U.S.
Also, there will be 10 percent additional duty on imports f...